A Statutory Agent is an individual or a business entity that the corporation or LLC appoints for the purpose of accepting service of process (lawsuit papers or legal documents) for the entity. The law requires that corporations and LLCs maintain a statutory agent with a valid Arizona street address (not a P.O. Box or personal mail box) on the records of the Arizona Corporation Commission at all times, and the failure to do so will subject the entity to being administratively dissolved. Official notices from the Arizona Corporation Commission will be sent to the statutory agent.
A Statutory Agent can be an individual, or an Arizona corporation or LLC, or a foreign corporation or LLC that is authorized to transact business in Arizona. A corporation or LLC cannot be its own Statutory Agent, must appoint someone apart from itself. For example, the corporation can appoint one of its directors or officers in his or her capacity as an individual as the statutory agent, but cannot appoint the corporation itself as the statutory agent.
If an individual is appointed as the statutory agent, that individual must be 18 years old or older, and must be a permanent, full-time resident of the State of Arizona, and must have a permanent, full-time physical or street address in the State of Arizona.
The statutory agent can accept the appointment by completing and submitting the Statutory Agent Acceptance form provided by Arizona Corporation Commission. If the statutory agent is an entity, an authorized agent of that entity can sign the acceptance. An authorized agent is anyone given authority to sign for that entity. The statutory agent can also accept the appointment by verifying through the email sent from the Arizona Corporation Commission.
Disclaimer
All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
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